Funding arb · Price arb /

VVV

all VVV markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0050%/8h= +5.5% APRpaid last 24h +0.112%

Price spread now: Backpack against Paradex−0.151%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Paradex Short on Backpack

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Backpack is 0.151% cheaper against Paradex than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 10 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex VVV-USD-PERP	31.224	0.0100	pay 0.0100% / 8h	2h 50m	$3K	$106	5x
Short	Backpack VVV_USDC_PERP	31.177	0.0150	get 0.0019% / 1h	50m 38s	$118K	$380K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Backpack against Paradex. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ParadexbpFee BackpackbpOrdersPrice spread, now −0.151%Rate

Funding earned: $10.56
Price spread: −0.151% → 0.000%: −$15.12
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Backpack: 5 bp × 2 orders: −$10
Net: −$18.56
Costs to cover: 0.140%
Break-even: 19.3 days

Slippage unknown: Paradex: no order-book sample; Backpack: live order book, 38 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Paradex no order-book sample	—	—	—	—	—
Sell Backpack live order book, 38 min ago	3.00 bp	11.3 bp −$11	doesn't fit	doesn't fit	doesn't fit

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

VVV on 33 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
01 Exchange VVVUSD	−0.0024%	1h	31.205	−0.061%	$11K	$3K	3x	as long as short
Kalshi KXVVVPERP	0.0000%	8h	31.116	−0.346%	$104K	$6.9M	1.7x	as long as short
Deribit VVV_USDC-PERPETUAL	0.0000%	1h	31.134	−0.287%	$89K	$22K	10x	as long as short
gTrade (Gains Network) VVV/USD	L +0.0004% / S −0.0004%	1h	31.137	−0.280%	$18K	—	150x	as long as short
Injective VVV/USDC PERP	+0.0033%	1h	32.820	+5.112%	$2K	$1K	5.5x	as long as short
Polymarket Perps VVV-USD	+0.0051%	1h	31.090	−0.429%	$133K	$1.2M	3x	as long as short
Phoenix VVV	+0.0077%	1h	31.296	+0.231%	$55K	$292K	5x	as long as short
RISEx VVV/USDC	+0.0078%	1h	31.205	−0.061%	$381K	$573K	5x	as long as short
BloFin VVV-USDT	+0.0085%	4h	31.151	−0.233%	$1.3M	$1.7M	25x	as long as short
Lighter VVV	+0.0096%	1h	31.212	−0.038%	$2.1M	$5.4M	5x	as long as short

Show all 33 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Lighter RH VVV	+0.0096%	1h	31.176	−0.153%	$460K	$1.6M	5x	as long as short
Nado VVV-PERP	+0.0100%	1h	31.196	−0.088%	$144K	$779K	3x	as long as short
Hyperliquid VVV	+0.0100%	1h	31.225	+0.004%	$71.2M	$54.1M	3x	as long as short
Aster VVVUSDT	+0.0100%	4h	31.157	−0.213%	$274K	$1.8M	10x	as long as short
Pacifica VVV	+0.0100%	1h	31.203	−0.068%	$185K	$176K	10x	as long as short
Binance VVVUSDT	+0.0100%	4h	31.225	+0.003%	$33.0M	$154.3M	25x	as long as short
Bybit VVVUSDT	+0.0100%	4h	31.204	−0.064%	$38.5M	$51.7M	20x	as long as short
OKX VVV-USDT-SWAP	+0.0100%	4h	31.216	−0.025%	$4.6M	$40.7M	20x	as long as short
Gate VVV_USDT	+0.0100%	4h	31.183	−0.131%	$10.5M	$7.7M	25x	as long as short
MEXC VVV_USDT	+0.0100%	4h	31.200	−0.077%	$16.8M	$6.9M	50x	as long as short
KuCoin VVVUSDTM	+0.0100%	4h	31.131	−0.298%	$2.3M	$2.6M	20x	as long as short
Bitget VVVUSDT	+0.0100%	4h	31.201	−0.073%	$5.7M	$8.6M	20x	as long as short
BingX VVV-USDT	+0.0100%	4h	31.201	−0.073%	—	$5.4M	—	as long as short
Variational Omni VVV	+0.0100%	4h	31.095	−0.414%	$2.0M	$184K	—	as long as short
Derive VVV-PERP	+0.0100%	1h	31.139	−0.272%	$1K	$1K	5x	as long as short
Phemex VVVUSDT	+0.0100%	4h	31.121	−0.330%	$2.1M	$2.0M	50x	as long as short
Paradex VVV-USD-PERPlong	+0.0100%	8h	31.224	long leg	$3K	$106	5x
Extended VVV-USD	+0.0104%	1h	31.201	−0.073%	$311K	$1.6M	5x	as long as short
Aevo VVV-PERP	+0.0104%	1h	31.112	−0.359%	$6K	$13K	3x	as long as short
edgeX VVVUSDC	+0.0116%	4h	31.088	−0.436%	$77K	$330K	10x	as long as short
Backpack VVV_USDC_PERPshort	+0.0150%	1h	31.177	−0.151%	$118K	$380K	5x
Coinbase International VVV-PERP-INTX	+0.0232%	1h	31.124	−0.320%	$178K	$1.2M	25x	as long as short
GMX VVV/USD [ETH-USDC]	L +0.0440% / S −0.0204%	1h	31.125	−0.318%	$519K	—	100x	as long as short